Japanese Candlesticks Analysis 11.06.2018 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still growing and forming slight corrections. By now, it has reached completed another pullback from the resistance level with several Hammer and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may update its closest high again and then resume its growth.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading upwards and forming Doji, Inverted Hammer, Engulfing, and Hammer reversal patterns. At the moment, it may be assumed that the instrument is about to start a new uptrend.